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CHICAGO-A 280,000-sf industrial facility on the city’s Southwest Side recently sold for just under $20 per sf. The building at 4100 W. 42nd Pl., in the Crawford Industrial District just a few blocks from the Stevenson Expressway, has been acquired by Gold Realty Group for $5.2 million, according to property tax records.

In addition to a two-story building served by a rail line, the property includes 11 acres available for expansion. The space inside the building could be divided into 20,000-sf units, according to brokers from Colliers Bennett & Kahnweiler Inc.

Associate Charles V. Canale represented Gold Realty while senior vice president Jack H. Rosenberg, SIOR and vice president James F. Pater represented the seller, Bway Corp. The property proved to be a good investment for previous ownership. It sold in November 1998 for $3.45 million.

Colliers Bennett & Kahnweiler Inc. has been retained by Gold Realty Group as exclusive marketing agents. “The building is well-suited for manufacturing and distribution and is for sale or lease,” Canale says. “Situated in an excellent city location, the property is visible from the Stevenson expressway and has excellent public transportation available.”

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